A friend of mine told me today that there is more than one way to skin a cat, or boil an egg, or something like that. Anyway, I was looking at RSI and I am almost certain there are new and improved ways of identifying overbought or oversold pairs in Forex, I am used to stocks sort of so any ideas? Any good overbought/oversold indicators that easily gets you into some good trades in Forex?
How about some auto Robots that trade overbought and oversold conditions? That would be even better!